Luciano Vasques Purchases 69 Shares of Ithaca Energy (LON:ITH) Stock

Ithaca Energy plc (LON:ITH) insider Luciano Vasques acquired 69 shares of the company’s stock in a transaction on Monday, July 6th. The stock was acquired at an average price of GBX 217 per share, with a total value of £149.73.

Ithaca Energy Stock Up 2.2%

Shares of LON:ITH opened at GBX 228.40 on Wednesday. Ithaca Energy plc has a 12-month low of GBX 149.80 and a 12-month high of GBX 290.80. The company’s 50 day moving average price is GBX 244.01 and its two-hundred day moving average price is GBX 221.71. The firm has a market cap of £3.77 billion, a PE ratio of -44.78 and a beta of 0.31.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on ITH shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 210 target price on shares of Ithaca Energy in a research report on Wednesday, May 20th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 270 price target on shares of Ithaca Energy in a research note on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Ithaca Energy has a consensus rating of “Buy” and a consensus price target of GBX 226.67.

Ithaca Energy Company Profile

Ithaca Energy is a leading UK independent exploration and production company focused on the UK North Sea with a strong track record of material value creation. In recent years, the Company has been focused on growing its portfolio of assets through both organic investment programmes and acquisitions and has seen a period of significant M&A driven growth centred upon two transformational acquisitions.

Today, Ithaca Energy is one of the largest independent oil and gas companies in the United Kingdom Continental Shelf (the “UKCS”), with stakes in six of the ten largest fields in the UKCS and two of UKCS’s largest pre-development fields.